11 Apr 2026

Nearly 40% of property owners in Belagavi have defaulted on property tax payments, raising serious concerns for the Belagavi City Corporation's revenue stability and overall financial planning. Out of more than 1.66 lakh registered properties, tax compliance has remained low, resulting in collections falling well below targets set for the financial year. The shortfall has impacted civic development work, slowed infrastructure planning, and highlighted gaps in enforcement and recovery mechanisms. Officials have acknowledged the widening gap between rising property numbers and actual tax compliance, indicating stronger monitoring and stricter recovery measures may be required going forward.Read more

11 Apr 2026

A Pune sessions court has rejected anticipatory bail pleas of a homeowner and a borewell contractor accused of damaging an underground metro tunnel in Shukrawar Peth. The incident occurred during unauthorised drilling, which punctured the tunnel and caused water seepage onto the tracks. The court noted serious risks to public safety and infrastructure and allowed the investigation to proceed without protection from arrest. A case has been registered under the Bharatiya Nyaya Sanhita and the Metro Railways Act, with potential imprisonment of up to 10 years.Read more

11 Apr 2026

The National Green Tribunal (NGT) has refused to grant an interim stay on Telangana's proposed Future City project near Hyderabad, while asking key authorities to respond to environmental concerns raised in a petition. The tribunal has directed the Future City Development Authority (FCDA) and the Union environment ministry to file their replies and listed the next hearing for June 9. The petition alleged that development activities began without mandatory environmental clearances. The state government has maintained that the project is still in its early stage and no violations have taken place.Read more

11 Apr 2026

The Rajasthan government has proposed seven locations for developing industrial hubs under the Centre's BHAVYA (Bharat Audyogik Vikas Yojana) scheme, aimed at creating next-generation, plug-and-play industrial ecosystems. The proposal, submitted in the past week, aligns with the national plan to develop 100 industrial parks with modern infrastructure and integrated logistics. Most of the identified sites fall within the Delhi-Mumbai Industrial Corridor influence zone, offering connectivity advantages. Existing projects such as the Khushkhera-Bhiwadi-Neemrana Investment Region and Jodhpur-Pali-Marwar Industrial Area are already under development. The state has indicated readiness through available land parcels and an established Special Purpose Vehicle framework, which is expected to reduce project timelines and support investor participation across manufacturing and logistics sectors.Read more

11 Apr 2026

Residents of Secunderabad Cantonment have sought a reduction in the transfer of property tax from 5% to 1.5%, highlighting that the current rate is outdated and higher than nearby GHMC areas. A residents group has requested a fresh notification and wider public consultation before continuing the levy. The demand comes as the Cantonment Board prepares to directly collect the tax from June 2026. Concerns over tax disparity, lack of transparency, and rising financial burden on property owners have brought renewed attention to the issue.Read more

11 Apr 2026

Mangaluru City Corporation is planning a construction and demolition (C&D) waste management unit at the Pachanady dump yard to address rising illegal dumping across the city. Waste is being disposed of in open areas and near riverbanks, raising environmental concerns. Builders will be required to use the facility by paying a fee, while stricter monitoring and penalties are being introduced. The move is part of efforts to improve waste handling and ensure accountability among developers and contractors.Read more

10 Apr 2026

The National Company Law Appellate Tribunal upheld the distribution of funds to dissenting financial creditors in the insolvency case of OCL Iron and Steel. It rejected a petition filed by five banks that challenged payments made to State Bank of India and Punjab National Bank. The tribunal ruled that the distribution approved by the Committee of Creditors and later by the adjudicating authority was lawful and aligned with the Insolvency and Bankruptcy Code. It also clarified that the Monitoring Committee did not have the authority to change the approved plan.Read more

10 Apr 2026

The Real Estate Regulatory Authority (RERA) in Gurugram has cleared all pending complaints up to 2024, marking a significant improvement in case resolution. The authority stated that over 2,000 cases pending as of the end of the past financial year have now been resolved. In 2025 alone, more than 5,000 complaints were adjudicated, with relief provided in the form of refunds or delayed possession charges based on case merits. Gurugram RERA now leads in complaint disposal efficiency among RERA bodies, despite being among the top in complaint registrations.Read more

10 Apr 2026

The Enforcement Directorate conducted searches at seven locations linked to Kolkata-based Merlin Group as part of a money laundering probe. The investigation relates to alleged land grabbing using forged ownership documents and raising funds by projecting false ownership claims. Authorities suspect that investors were misled into funding real estate projects built on disputed land. The case is also linked to earlier legal disputes, including a stalled INR 600 crore project and a demolition order in another development. The probe is ongoing, with officials examining financial records and land documents.Read more

10 Apr 2026

The Insolvency and Bankruptcy Board of India (IBBI) has recommended introducing project-wise insolvency in the real estate sector to better safeguard homebuyers and ensure timely project completion. The proposal suggests treating each project as a separate unit during insolvency proceedings instead of including the entire developer entity. This is expected to prevent financially stable projects from being impacted by stressed ones. The recommendation comes in response to delays and fund diversion issues seen in past cases and aims to improve resolution efficiency and protect buyer interests.Read more